{ "ticker": { "uuid": "d2962001-d54a-416b-a2ec-8a7173f0166c", "symbol": "3516", "name": "ADO Optronics Corporation", "exchange": "TWO", "country": "TW", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-14", "benchmark": "^TWII", "stage": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 65.258, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 38.414, "architecture_energy": 24.555, "architecture_maturity": 47.198, "architecture_confidence": 77.94, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 37.55, "rotation_up": 29.12, "upward_expansion": 60.17, "deceleration": 89.79, "rotation_down": 25.87, "downward_expansion": 14.84 }, "activity_lines": [ 25.429125, 25.768125, 24.84803, 23.611768 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.166667 }, "latest_close": 25.200001, "trend_reference": 22.16606, "distance_from_trend": 0.136873, "trend_direction": "Improving", "fair_value": 21.49876, "distance_from_fair_value": 0.172161, "fair_value_direction": "Improving", "relative_strength": -14.269969, "relative_strength_direction": "Improving", "price_momentum": 0.26307, "excess_performance": -0.178302, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.136873, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.101958, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.172161, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.077169, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.1427, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.08862, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.26307, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 4.425751, "read": "Demand-led" } ], "volume": { "latest": 113004, "relative_activity": 0.116307, "balance": 4.425751, "dry_up": 0.413696, "accumulation_observations": 5, "distribution_observations": 0 }, "risk": { "range_context": 0.107592, "annualized_volatility": 0.337029, "from_high_reference": -0.170336, "from_low_reference": 0.434334 }, "levels": { "trend_reference": 22.16606, "fair_value_reference": 21.49876, "structural_low": 17.569132, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 8, "median_return": -0.01944, "positive_rate": 0.375, "directional_follow_through": 0.375, "median_excess_return": -0.004662, "regime_survival": 0.5, "best_return": 0.137778, "worst_return": -0.092742, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 4, "median_return": 0.01705, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": -0.07032, "regime_survival": 0.0, "best_return": 0.080645, "worst_return": -0.023739, "sufficient": false }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.146691, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.037514, "regime_survival": 0.5, "best_return": 0.325513, "worst_return": 0.048758, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.378541, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.027188, "regime_survival": 0.0, "best_return": 0.620977, "worst_return": 0.136105, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-12-22", "end": "2024-01-12", "tenure": "New", "return": -0.03523, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-01-19", "end": "2024-02-09", "tenure": "New", "return": 0.008333, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-02-16", "end": "2024-04-05", "tenure": "Developing", "return": 0.054795, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-04-12", "end": "2024-05-31", "tenure": "Developing", "return": 0.108871, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-06-07", "end": "2024-08-09", "tenure": "Developing", "return": -0.044922, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-08-16", "end": "2024-09-27", "tenure": "Developing", "return": 0.106972, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-10-04", "end": "2024-12-20", "tenure": "Developing", "return": -0.095304, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-12-27", "end": "2025-01-10", "tenure": "New", "return": -0.059184, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-01-17", "end": "2025-09-19", "tenure": "Extended", "return": -0.117297, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-09-26", "end": "2026-03-27", "tenure": "Established", "return": -0.105769, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-04-03", "end": "2026-04-24", "tenure": "New", "return": 0.09589, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-01", "end": "2026-05-15", "tenure": "New", "return": 0.122549, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-22", "end": "2026-07-31", "tenure": "Developing", "return": 0.069264, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-08-07", "end": "2026-08-14", "tenure": "New", "return": -0.049057, "active": true } ], "chart_path": [ { "date": "2023-08-11", "close": 16.425905, "volume": 248797, "typical_volume": 480233.25, "trend": 15.945325, "fair_value": 14.887856, "relative_strength": -3.134671, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 34.298147, "energy": 17.721685, "activity_lines": [ 16.528408, 16.55919, 16.498788, 16.309705 ] }, { "date": "2023-08-18", "close": 15.916934, "volume": 160923, "typical_volume": 432802.65, "trend": 15.987894, "fair_value": 14.922698, "relative_strength": -4.901141, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 6.530008, "energy": 5.995982, "activity_lines": [ 16.31653, 16.436998, 16.441327, 16.307873 ] }, { "date": "2023-08-25", "close": 16.888609, "volume": 552649, "typical_volume": 421315.45, "trend": 16.059801, "fair_value": 14.964341, "relative_strength": 0.267331, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 41.188527, "energy": 16.914649, "activity_lines": [ 16.471505, 16.503192, 16.480347, 16.365984 ] }, { "date": "2023-09-01", "close": 17.119959, "volume": 1829466, "typical_volume": 457523.65, "trend": 16.128746, "fair_value": 14.999462, "relative_strength": 0.595197, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 54.64057, "energy": 24.441413, "activity_lines": [ 16.68178, 16.608826, 16.542673, 16.434381 ] }, { "date": "2023-09-08", "close": 17.323545, "volume": 371731, "typical_volume": 432914.55, "trend": 16.212102, "fair_value": 15.033886, "relative_strength": 2.267523, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 57.003287, "energy": 36.565956, "activity_lines": [ 16.934877, 16.744647, 16.62674, 16.511465 ] }, { "date": "2023-09-15", "close": 17.467909, "volume": 168988, "typical_volume": 391657.2, "trend": 16.303319, "fair_value": 15.06123, "relative_strength": 1.100999, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.815009, "energy": 55.692634, "activity_lines": [ 17.179184, 16.894521, 16.717222, 16.592485 ] }, { "date": "2023-09-22", "close": 17.323545, "volume": 84494, "typical_volume": 378730.7, "trend": 16.3882, "fair_value": 15.093081, "relative_strength": 3.805562, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.875029, "energy": 55.746962, "activity_lines": [ 17.305902, 16.999169, 16.787678, 16.658306 ] }, { "date": "2023-09-29", "close": 17.612272, "volume": 82458, "typical_volume": 362102.85, "trend": 16.48118, "fair_value": 15.117634, "relative_strength": 5.518731, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.677419, "energy": 58.669938, "activity_lines": [ 17.435088, 17.142455, 16.88331, 16.737278 ] }, { "date": "2023-10-06", "close": 18.670935, "volume": 517144, "typical_volume": 349687.35, "trend": 16.621648, "fair_value": 15.134677, "relative_strength": 10.762864, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.560484, "energy": 66.502365, "activity_lines": [ 17.868917, 17.459118, 17.073019, 16.878553 ] }, { "date": "2023-10-13", "close": 17.756636, "volume": 129286, "typical_volume": 344929.35, "trend": 16.73774, "fair_value": 15.164444, "relative_strength": 3.851982, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.306169, "energy": 49.904149, "activity_lines": [ 17.894582, 17.574516, 17.161249, 16.951778 ] }, { "date": "2023-10-20", "close": 17.467909, "volume": 107908, "typical_volume": 335926.3, "trend": 16.798458, "fair_value": 15.189501, "relative_strength": 4.535937, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.20129, "energy": 37.666436, "activity_lines": [ 17.795132, 17.614022, 17.21433, 16.998886 ] }, { "date": "2023-10-27", "close": 17.323545, "volume": 44792, "typical_volume": 305133.95, "trend": 16.817765, "fair_value": 15.214776, "relative_strength": 5.875883, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.062725, "energy": 32.751674, "activity_lines": [ 17.647561, 17.608335, 17.247819, 17.032762 ] }, { "date": "2023-11-03", "close": 17.516031, "volume": 86530, "typical_volume": 293526.8, "trend": 16.829762, "fair_value": 15.24443, "relative_strength": 4.920644, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 37.071014, "energy": 19.47397, "activity_lines": [ 17.564151, 17.61207, 17.296011, 17.077812 ] }, { "date": "2023-11-10", "close": 17.179186, "volume": 211744, "typical_volume": 299561.55, "trend": 16.815282, "fair_value": 15.263633, "relative_strength": 2.108326, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.765576, "energy": 16.788557, "activity_lines": [ 17.374876, 17.543153, 17.308448, 17.100355 ] }, { "date": "2023-11-17", "close": 16.40925, "volume": 389894, "typical_volume": 312386.4, "trend": 16.836136, "fair_value": 15.278759, "relative_strength": -5.249733, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.200587, "energy": 12.622649, "activity_lines": [ 17.028406, 17.333171, 17.245487, 17.074159 ] }, { "date": "2023-11-24", "close": 16.9867, "volume": 263662, "typical_volume": 319481.95, "trend": 16.864039, "fair_value": 15.300445, "relative_strength": -2.228271, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.498442, "energy": 18.326463, "activity_lines": [ 16.964244, 17.244804, 17.238681, 17.083873 ] }, { "date": "2023-12-01", "close": 17.034822, "volume": 264680, "typical_volume": 322393.55, "trend": 16.870671, "fair_value": 15.322726, "relative_strength": -2.762786, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.736837, "energy": 16.19612, "activity_lines": [ 16.948204, 17.173935, 17.233779, 17.094892 ] }, { "date": "2023-12-08", "close": 18.670935, "volume": 1448614, "typical_volume": 386672.25, "trend": 16.95319, "fair_value": 15.358639, "relative_strength": 6.713281, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 64.794976, "energy": 27.341042, "activity_lines": [ 17.496783, 17.405791, 17.382443, 17.211038 ] }, { "date": "2023-12-15", "close": 18.382208, "volume": 2372958, "typical_volume": 474352.7, "trend": 17.044385, "fair_value": 15.390415, "relative_strength": 3.166224, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 62.209958, "energy": 52.06008, "activity_lines": [ 17.872126, 17.565902, 17.493563, 17.303232 ] }, { "date": "2023-12-22", "close": 17.756636, "volume": 214798, "typical_volume": 477575.8, "trend": 17.097952, "fair_value": 15.417322, "relative_strength": 0.005933, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.067584, "energy": 48.989261, "activity_lines": [ 17.958744, 17.617523, 17.537306, 17.349184 ] }, { "date": "2023-12-29", "close": 17.564152, "volume": 209708, "typical_volume": 475621.35, "trend": 17.142053, "fair_value": 15.446999, "relative_strength": -2.877691, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.518216, "energy": 43.308202, "activity_lines": [ 17.891375, 17.634146, 17.55659, 17.379261 ] }, { "date": "2024-01-05", "close": 17.516031, "volume": 219888, "typical_volume": 478569.6, "trend": 17.173876, "fair_value": 15.474937, "relative_strength": -0.751278, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 46.904674, "energy": 31.468496, "activity_lines": [ 17.769468, 17.640271, 17.565871, 17.403389 ] }, { "date": "2024-01-12", "close": 17.131063, "volume": 375642, "typical_volume": 469719.25, "trend": 17.186766, "fair_value": 15.499265, "relative_strength": -2.781371, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 20.711403, "energy": 11.442152, "activity_lines": [ 17.487158, 17.572901, 17.530873, 17.400627 ] }, { "date": "2024-01-19", "close": 17.323545, "volume": 666810, "typical_volume": 411586.45, "trend": 17.206072, "fair_value": 15.524826, "relative_strength": -2.612418, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 21.615343, "energy": 14.890318, "activity_lines": [ 17.371667, 17.547528, 17.513052, 17.409451 ] }, { "date": "2024-01-26", "close": 17.612272, "volume": 769608, "typical_volume": 431480.3, "trend": 17.238053, "fair_value": 15.552809, "relative_strength": -2.699795, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 25.077163, "energy": 14.634297, "activity_lines": [ 17.422996, 17.572026, 17.521759, 17.435658 ] }, { "date": "2024-02-02", "close": 17.467909, "volume": 184258, "typical_volume": 432243.8, "trend": 17.272846, "fair_value": 15.581869, "relative_strength": -3.848793, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 24.101464, "energy": 13.213125, "activity_lines": [ 17.435828, 17.548403, 17.515343, 17.450487 ] }, { "date": "2024-02-09", "close": 17.467909, "volume": 61080, "typical_volume": 431073.1, "trend": 17.303064, "fair_value": 15.616075, "relative_strength": -4.067028, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 25.453673, "energy": 9.95423, "activity_lines": [ 17.455077, 17.51603, 17.508927, 17.463072 ] }, { "date": "2024-02-16", "close": 21.076982, "volume": 783860, "typical_volume": 466143.2, "trend": 17.453585, "fair_value": 15.669127, "relative_strength": 12.185605, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.077567, "energy": 70.334861, "activity_lines": [ 18.680557, 18.131979, 17.845545, 17.70655 ] }, { "date": "2024-02-23", "close": 24.830416, "volume": 9483688, "typical_volume": 914470.4, "trend": 17.72312, "fair_value": 15.739378, "relative_strength": 29.301166, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 91.712271, "energy": 91.282007, "activity_lines": [ 20.894122, 19.386623, 18.523134, 18.182475 ] }, { "date": "2024-03-01", "close": 26.8515, "volume": 9456202, "typical_volume": 1380816.2, "trend": 18.069175, "fair_value": 15.817153, "relative_strength": 38.255722, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 93.749488, "energy": 96.880858, "activity_lines": [ 23.280922, 20.891497, 19.363876, 18.771403 ] }, { "date": "2024-03-08", "close": 25.071022, "volume": 8379158, "typical_volume": 1794378.7, "trend": 18.357346, "fair_value": 15.87608, "relative_strength": 22.772895, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.692501, "energy": 89.408759, "activity_lines": [ 24.458282, 21.907287, 19.99174, 19.223135 ] }, { "date": "2024-03-15", "close": 23.579273, "volume": 4555550, "typical_volume": 2019916.6, "trend": 18.612757, "fair_value": 15.918869, "relative_strength": 15.480819, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.885872, "energy": 83.609329, "activity_lines": [ 24.631518, 22.515361, 20.441327, 19.560033 ] }, { "date": "2024-03-22", "close": 21.99128, "volume": 1270464, "typical_volume": 2079113.3, "trend": 18.782846, "fair_value": 15.943187, "relative_strength": 4.595139, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.47962, "energy": 55.424709, "activity_lines": [ 23.867998, 22.724469, 20.709888, 19.778003 ] }, { "date": "2024-03-29", "close": 21.221344, "volume": 931470, "typical_volume": 2115099.6, "trend": 18.919559, "fair_value": 15.956566, "relative_strength": 0.6226, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.78195, "energy": 38.319652, "activity_lines": [ 22.78688, 22.70522, 20.883811, 19.935325 ] }, { "date": "2024-04-05", "close": 22.231886, "volume": 911110, "typical_volume": 2141160.4, "trend": 19.08317, "fair_value": 15.97728, "relative_strength": 5.171401, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 40.149549, "energy": 23.94538, "activity_lines": [ 22.283214, 22.798838, 21.134727, 20.149024 ] }, { "date": "2024-04-12", "close": 23.867998, "volume": 3490722, "typical_volume": 2302513.4, "trend": 19.296506, "fair_value": 16.010769, "relative_strength": 10.646174, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.998781, "energy": 24.379156, "activity_lines": [ 22.632893, 23.105937, 21.513737, 20.457722 ] }, { "date": "2024-04-19", "close": 21.173223, "volume": 1281662, "typical_volume": 2353362.5, "trend": 19.424829, "fair_value": 16.026984, "relative_strength": 4.093274, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.291181, "energy": 18.375121, "activity_lines": [ 22.164516, 22.806712, 21.603334, 20.578801 ] }, { "date": "2024-04-26", "close": 22.087523, "volume": 1398732, "typical_volume": 2350868.4, "trend": 19.574004, "fair_value": 16.055636, "relative_strength": 5.266923, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.97991, "energy": 19.147944, "activity_lines": [ 22.161308, 22.606354, 21.7603, 20.750587 ] }, { "date": "2024-05-03", "close": 21.558193, "volume": 547684, "typical_volume": 2259604.7, "trend": 19.670246, "fair_value": 16.084611, "relative_strength": 1.715795, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.913507, "energy": 16.502079, "activity_lines": [ 21.975241, 22.29138, 21.850584, 20.8786 ] }, { "date": "2024-05-10", "close": 21.654436, "volume": 736014, "typical_volume": 2285665.5, "trend": 19.800173, "fair_value": 16.113918, "relative_strength": 0.300637, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.694377, "energy": 14.935313, "activity_lines": [ 21.798798, 22.053401, 21.93491, 21.006612 ] }, { "date": "2024-05-17", "close": 21.750677, "volume": 783860, "typical_volume": 2314373.1, "trend": 19.942932, "fair_value": 16.150703, "relative_strength": -1.959321, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.186637, "energy": 10.217842, "activity_lines": [ 21.692932, 21.927412, 22.009842, 21.132451 ] }, { "date": "2024-05-24", "close": 21.702557, "volume": 408218, "typical_volume": 2323789.6, "trend": 20.088899, "fair_value": 16.202905, "relative_strength": -3.617776, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.283571, "energy": 9.774156, "activity_lines": [ 21.712181, 21.853043, 22.060254, 21.245975 ] }, { "date": "2024-05-31", "close": 26.466532, "volume": 5036046, "typical_volume": 2556809.8, "trend": 20.387249, "fair_value": 16.276782, "relative_strength": 19.100992, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 67.610794, "energy": 42.802609, "activity_lines": [ 23.284132, 22.678974, 22.544443, 21.657435 ] }, { "date": "2024-06-07", "close": 24.637932, "volume": 9047984, "typical_volume": 2975868.5, "trend": 20.635874, "fair_value": 16.337508, "relative_strength": 7.114547, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.138655, "energy": 55.272955, "activity_lines": [ 23.954617, 23.091064, 22.810025, 21.931673 ] }, { "date": "2024-06-14", "close": 23.867998, "volume": 1121836, "typical_volume": 2993479.9, "trend": 20.884498, "fair_value": 16.40016, "relative_strength": 0.617703, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.751184, "energy": 58.192316, "activity_lines": [ 24.16314, 23.301046, 22.967449, 22.140197 ] }, { "date": "2024-06-21", "close": 26.418409, "volume": 5037064, "typical_volume": 3236120.2, "trend": 21.198889, "fair_value": 16.478589, "relative_strength": 7.464466, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.710914, "energy": 69.540004, "activity_lines": [ 25.07423, 23.944992, 23.337981, 22.497224 ] }, { "date": "2024-06-28", "close": 26.177805, "volume": 2756744, "typical_volume": 3370903.4, "trend": 21.503655, "fair_value": 16.554904, "relative_strength": 7.211517, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.724073, "energy": 62.076646, "activity_lines": [ 25.593937, 24.498821, 23.642976, 22.818444 ] }, { "date": "2024-07-05", "close": 26.659016, "volume": 4901670, "typical_volume": 3576793.9, "trend": 21.769924, "fair_value": 16.63316, "relative_strength": 6.46987, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.00878, "energy": 57.494427, "activity_lines": [ 25.975697, 25.04915, 23.952325, 23.151048 ] }, { "date": "2024-07-12", "close": 25.792837, "volume": 1199204, "typical_volume": 3162569.7, "trend": 22.016945, "fair_value": 16.705864, "relative_strength": 1.238352, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.294615, "energy": 53.272015, "activity_lines": [ 26.055899, 25.358874, 24.1526, 23.410591 ] }, { "date": "2024-07-19", "close": 25.167263, "volume": 7121928, "typical_volume": 3045856.0, "trend": 22.263966, "fair_value": 16.776273, "relative_strength": 3.070059, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.093919, "energy": 38.245386, "activity_lines": [ 25.850582, 25.477863, 24.288713, 23.613837 ] }, { "date": "2024-07-26", "close": 25.167263, "volume": 1029198, "typical_volume": 2678358.0, "trend": 22.517403, "fair_value": 16.832958, "relative_strength": 6.240713, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.198718, "energy": 31.89556, "activity_lines": [ 25.558648, 25.532983, 24.432847, 23.801146 ] }, { "date": "2024-08-02", "close": 24.830416, "volume": 1728564, "typical_volume": 2537008.7, "trend": 22.761216, "fair_value": 16.889199, "relative_strength": 6.823822, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 37.743003, "energy": 20.987601, "activity_lines": [ 25.237841, 25.464739, 24.544442, 23.950373 ] }, { "date": "2024-08-09", "close": 23.531153, "volume": 1291842, "typical_volume": 2538077.6, "trend": 22.974552, "fair_value": 16.941972, "relative_strength": 1.83717, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 25.673035, "energy": 14.266285, "activity_lines": [ 24.573772, 25.103394, 24.526339, 24.000046 ] }, { "date": "2024-08-16", "close": 23.694555, "volume": 468280, "typical_volume": 2514918.1, "trend": 23.186919, "fair_value": 16.992934, "relative_strength": -1.650429, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 20.707243, "energy": 13.884385, "activity_lines": [ 24.172695, 24.82513, 24.516466, 24.046498 ] }, { "date": "2024-08-23", "close": 24.127993, "volume": 404146, "typical_volume": 2489569.9, "trend": 23.40411, "fair_value": 17.058968, "relative_strength": 0.897612, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 22.115957, "energy": 14.445159, "activity_lines": [ 24.055983, 24.642825, 24.536095, 24.107213 ] }, { "date": "2024-08-30", "close": 24.127993, "volume": 434686, "typical_volume": 2336768.1, "trend": 23.626113, "fair_value": 17.129005, "relative_strength": 0.300748, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 11.873205, "energy": 11.472351, "activity_lines": [ 24.008555, 24.455793, 24.546696, 24.153915 ] }, { "date": "2024-09-06", "close": 23.694555, "volume": 422470, "typical_volume": 2293808.5, "trend": 23.833668, "fair_value": 17.195978, "relative_strength": 2.216538, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 8.24926, "energy": 9.196217, "activity_lines": [ 23.885933, 24.231597, 24.514778, 24.15833 ] }, { "date": "2024-09-13", "close": 23.973978, "volume": 112558, "typical_volume": 2229499.8, "trend": 23.930234, "fair_value": 17.262169, "relative_strength": 1.754167, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 10.488129, "energy": 8.27068, "activity_lines": [ 23.932175, 24.103356, 24.497466, 24.167383 ] }, { "date": "2024-09-20", "close": 26.327253, "volume": 618000, "typical_volume": 2233015.6, "trend": 23.980129, "fair_value": 17.342872, "relative_strength": 9.477174, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 43.279585, "energy": 19.655173, "activity_lines": [ 24.733321, 24.451802, 24.695292, 24.322029 ] }, { "date": "2024-09-27", "close": 26.229198, "volume": 1637000, "typical_volume": 2278064.9, "trend": 23.959385, "fair_value": 17.422376, "relative_strength": 5.76371, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 45.112055, "energy": 35.334107, "activity_lines": [ 25.326269, 24.772703, 24.86107, 24.46713 ] }, { "date": "2024-10-04", "close": 25.578224, "volume": 278346, "typical_volume": 2252789.2, "trend": 23.976292, "fair_value": 17.495408, "relative_strength": 5.512703, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 48.60487, "energy": 42.222807, "activity_lines": [ 25.562145, 24.955937, 24.943066, 24.571572 ] }, { "date": "2024-10-11", "close": 26.278225, "volume": 730475, "typical_volume": 2268902.05, "trend": 24.066257, "fair_value": 17.5709, "relative_strength": 5.398657, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.65638, "energy": 52.395673, "activity_lines": [ 25.934673, 25.258972, 25.073502, 24.720083 ] }, { "date": "2024-10-18", "close": 26.523357, "volume": 1240000, "typical_volume": 2079099.75, "trend": 24.217326, "fair_value": 17.647963, "relative_strength": 3.607106, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.814011, "energy": 57.90371, "activity_lines": [ 26.216667, 25.580253, 25.205495, 24.878606 ] }, { "date": "2024-10-25", "close": 28.435394, "volume": 4392000, "typical_volume": 1846300.55, "trend": 24.457795, "fair_value": 17.741338, "relative_strength": 11.452904, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.806663, "energy": 64.356758, "activity_lines": [ 26.966048, 26.194773, 25.519316, 25.150739 ] }, { "date": "2024-11-01", "close": 26.817518, "volume": 747000, "typical_volume": 1827558.75, "trend": 24.610649, "fair_value": 17.82492, "relative_strength": 7.514409, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.693494, "energy": 55.051443, "activity_lines": [ 27.035594, 26.428937, 25.660971, 25.302979 ] }, { "date": "2024-11-08", "close": 27.847073, "volume": 916000, "typical_volume": 1621505.55, "trend": 24.743285, "fair_value": 17.908731, "relative_strength": 7.685823, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.131612, "energy": 61.668225, "activity_lines": [ 27.409104, 26.801392, 25.886633, 25.511781 ] }, { "date": "2024-11-15", "close": 26.131145, "volume": 1146000, "typical_volume": 1540968.35, "trend": 24.908549, "fair_value": 17.982701, "relative_strength": 4.297137, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.695295, "energy": 37.585551, "activity_lines": [ 27.059381, 26.794241, 25.94207, 25.60132 ] }, { "date": "2024-11-22", "close": 26.817518, "volume": 1257048, "typical_volume": 1358737.25, "trend": 25.066216, "fair_value": 18.060781, "relative_strength": 5.933589, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 50.872675, "energy": 29.338838, "activity_lines": [ 26.948255, 26.867583, 26.063099, 25.72448 ] }, { "date": "2024-11-29", "close": 26.278225, "volume": 1052000, "typical_volume": 1351377.05, "trend": 25.22355, "fair_value": 18.135694, "relative_strength": 6.419066, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 37.072318, "energy": 20.233777, "activity_lines": [ 26.637753, 26.791171, 26.132011, 25.802674 ] }, { "date": "2024-12-06", "close": 24.415216, "volume": 1343000, "typical_volume": 1062430.65, "trend": 25.315576, "fair_value": 18.195479, "relative_strength": -5.058367, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 12.456816, "energy": 12.419363, "activity_lines": [ 25.85006, 26.376922, 26.021182, 25.750523 ] }, { "date": "2024-12-13", "close": 23.875925, "volume": 878000, "typical_volume": 1054870.75, "trend": 25.386418, "fair_value": 18.249201, "relative_strength": -6.453853, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -11.166209, "energy": 16.746394, "activity_lines": [ 25.042756, 25.897601, 25.862574, 25.657643 ] }, { "date": "2024-12-20", "close": 23.140528, "volume": 404000, "typical_volume": 988642.55, "trend": 25.43435, "fair_value": 18.298209, "relative_strength": -7.31048, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -28.922214, "energy": 32.386248, "activity_lines": [ 24.255064, 25.315522, 25.640077, 25.512746 ] }, { "date": "2024-12-27", "close": 24.023005, "volume": 481000, "typical_volume": 948100.45, "trend": 25.352899, "fair_value": 18.350846, "relative_strength": -7.024814, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -19.145359, "energy": 38.724605, "activity_lines": [ 23.960905, 24.950943, 25.509673, 25.421692 ] }, { "date": "2025-01-03", "close": 23.483713, "volume": 153000, "typical_volume": 932336.45, "trend": 25.314425, "fair_value": 18.400606, "relative_strength": -7.694896, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.192093, "energy": 48.102076, "activity_lines": [ 23.673282, 24.533772, 25.325565, 25.301099 ] }, { "date": "2025-01-10", "close": 22.601234, "volume": 336000, "typical_volume": 928929.15, "trend": 25.2722, "fair_value": 18.442392, "relative_strength": -11.56941, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -67.213256, "energy": 61.80639, "activity_lines": [ 23.277801, 24.046181, 25.058416, 25.126055 ] }, { "date": "2025-01-17", "close": 22.209023, "volume": 1692000, "typical_volume": 991794.85, "trend": 25.131887, "fair_value": 18.482243, "relative_strength": -13.584947, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.209374, "energy": 54.864952, "activity_lines": [ 22.872515, 23.563938, 24.761183, 24.92843 ] }, { "date": "2025-01-24", "close": 22.895393, "volume": 974000, "typical_volume": 1019371.35, "trend": 25.022473, "fair_value": 18.531995, "relative_strength": -12.334791, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.743928, "energy": 52.713457, "activity_lines": [ 22.807146, 23.309, 24.538457, 24.78414 ] }, { "date": "2025-02-07", "close": 22.846367, "volume": 581187, "typical_volume": 1042802.8, "trend": 24.895385, "fair_value": 18.585488, "relative_strength": -12.355774, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.494696, "energy": 51.74164, "activity_lines": [ 22.741777, 23.10398, 24.314868, 24.643747 ] }, { "date": "2025-02-14", "close": 22.601234, "volume": 252000, "typical_volume": 1024502.8, "trend": 24.788998, "fair_value": 18.635383, "relative_strength": -12.093198, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.106254, "energy": 46.809742, "activity_lines": [ 22.67314, 22.926592, 24.073302, 24.495737 ] }, { "date": "2025-02-21", "close": 22.699287, "volume": 265481, "typical_volume": 955926.85, "trend": 24.706732, "fair_value": 18.681852, "relative_strength": -13.597323, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.898802, "energy": 43.503335, "activity_lines": [ 22.696019, 22.833888, 23.858817, 24.360917 ] }, { "date": "2025-02-28", "close": 23.728846, "volume": 1645200, "typical_volume": 1024269.55, "trend": 24.658785, "fair_value": 18.735499, "relative_strength": -6.562735, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.679199, "energy": 27.550663, "activity_lines": [ 23.055547, 22.959574, 23.759195, 24.297827 ] }, { "date": "2025-03-07", "close": 23.679819, "volume": 5023462, "typical_volume": 1238918.9, "trend": 24.620432, "fair_value": 18.79086, "relative_strength": -4.167687, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.093058, "energy": 20.196171, "activity_lines": [ 23.297412, 23.079021, 23.66371, 24.234668 ] }, { "date": "2025-03-14", "close": 22.79734, "volume": 692169, "typical_volume": 1211527.35, "trend": 24.595971, "fair_value": 18.841722, "relative_strength": -4.801823, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.711243, "energy": 20.491799, "activity_lines": [ 23.192821, 23.028211, 23.496553, 24.117049 ] }, { "date": "2025-03-21", "close": 22.699287, "volume": 505862, "typical_volume": 1017220.45, "trend": 24.562796, "fair_value": 18.894272, "relative_strength": -5.948206, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.797119, "energy": 21.29631, "activity_lines": [ 23.058815, 22.981859, 23.3378, 23.994683 ] }, { "date": "2025-03-28", "close": 21.865835, "volume": 408871, "typical_volume": 1000314.0, "trend": 24.48739, "fair_value": 18.943506, "relative_strength": -6.735446, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.692142, "energy": 34.219982, "activity_lines": [ 22.640455, 22.798232, 23.126986, 23.820685 ] }, { "date": "2025-04-04", "close": 21.669731, "volume": 261637, "typical_volume": 967595.85, "trend": 24.405448, "fair_value": 18.989746, "relative_strength": -6.202792, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.59135, "energy": 49.653065, "activity_lines": [ 22.21229, 22.59232, 22.921074, 23.638901 ] }, { "date": "2025-04-11", "close": 19.022297, "volume": 1056969, "typical_volume": 963144.3, "trend": 24.249706, "fair_value": 19.018436, "relative_strength": -10.011795, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.017482, "energy": 69.412381, "activity_lines": [ 21.038922, 21.914863, 22.492442, 23.291601 ] }, { "date": "2025-04-18", "close": 20.885305, "volume": 221010, "typical_volume": 911342.4, "trend": 24.14675, "fair_value": 19.061096, "relative_strength": -0.385959, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.309492, "energy": 62.20289, "activity_lines": [ 20.797058, 21.646554, 22.275091, 23.074543 ] }, { "date": "2025-04-25", "close": 20.885305, "volume": 228120, "typical_volume": 870148.4, "trend": 23.965352, "fair_value": 19.103176, "relative_strength": -2.722778, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.207, "energy": 60.152627, "activity_lines": [ 20.682662, 21.413901, 22.085989, 22.864127 ] }, { "date": "2025-05-02", "close": 21.571678, "volume": 99030, "typical_volume": 807949.9, "trend": 23.810102, "fair_value": 19.148788, "relative_strength": -3.845185, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.906649, "energy": 43.347546, "activity_lines": [ 20.91799, 21.337241, 21.987936, 22.709696 ] }, { "date": "2025-05-09", "close": 20.198935, "volume": 213334, "typical_volume": 774716.6, "trend": 23.630792, "fair_value": 19.186179, "relative_strength": -10.361398, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.521612, "energy": 37.693416, "activity_lines": [ 20.715347, 21.031494, 21.772686, 22.476718 ] }, { "date": "2025-05-16", "close": 20.444069, "volume": 323965, "typical_volume": 770714.85, "trend": 23.43632, "fair_value": 19.223114, "relative_strength": -12.960153, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.728542, "energy": 34.709247, "activity_lines": [ 20.692469, 20.834497, 21.598292, 22.271123 ] }, { "date": "2025-05-23", "close": 19.757696, "volume": 160162, "typical_volume": 754672.95, "trend": 23.210798, "fair_value": 19.258835, "relative_strength": -14.970322, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.195604, "energy": 37.51008, "activity_lines": [ 20.346015, 20.571536, 21.371369, 22.033792 ] }, { "date": "2025-05-30", "close": 19.708668, "volume": 297010, "typical_volume": 761873.45, "trend": 22.919907, "fair_value": 19.292504, "relative_strength": -13.841374, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.04665, "energy": 41.847277, "activity_lines": [ 20.058392, 20.354928, 21.160088, 21.807848 ] }, { "date": "2025-06-06", "close": 19.56159, "volume": 144055, "typical_volume": 752276.2, "trend": 22.678043, "fair_value": 19.322334, "relative_strength": -15.193578, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.282713, "energy": 54.000827, "activity_lines": [ 19.800186, 20.165953, 20.952776, 21.591183 ] }, { "date": "2025-06-13", "close": 19.463537, "volume": 140211, "typical_volume": 674686.75, "trend": 22.398592, "fair_value": 19.350667, "relative_strength": -16.826219, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.798241, "energy": 55.99846, "activity_lines": [ 19.643301, 20.001046, 20.7506, 21.383795 ] }, { "date": "2025-06-20", "close": 19.414509, "volume": 229229, "typical_volume": 637448.2, "trend": 22.174704, "fair_value": 19.380134, "relative_strength": -16.661333, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.67092, "energy": 50.467599, "activity_lines": [ 19.5191, 19.867337, 20.556828, 21.191274 ] }, { "date": "2025-06-27", "close": 19.610615, "volume": 93466, "typical_volume": 613062.15, "trend": 21.934474, "fair_value": 19.410568, "relative_strength": -17.409351, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.883339, "energy": 41.8491, "activity_lines": [ 19.528905, 19.762152, 20.398309, 21.025849 ] }, { "date": "2025-07-04", "close": 19.414509, "volume": 50222, "typical_volume": 602973.25, "trend": 21.705683, "fair_value": 19.44351, "relative_strength": -17.702438, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.259356, "energy": 38.74483, "activity_lines": [ 19.483146, 19.644489, 20.236521, 20.86327 ] }, { "date": "2025-07-11", "close": 19.365484, "volume": 151168, "typical_volume": 597257.6, "trend": 21.537359, "fair_value": 19.476427, "relative_strength": -18.222991, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.480327, "energy": 44.439159, "activity_lines": [ 19.440657, 19.544653, 20.085239, 20.71229 ] }, { "date": "2025-07-18", "close": 19.169376, "volume": 159202, "typical_volume": 522957.7, "trend": 21.380474, "fair_value": 19.507809, "relative_strength": -20.861193, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.697232, "energy": 52.716875, "activity_lines": [ 19.345872, 19.449274, 19.931156, 20.559516 ] }, { "date": "2025-07-25", "close": 19.659641, "volume": 906373, "typical_volume": 317103.25, "trend": 21.264444, "fair_value": 19.54204, "relative_strength": -18.379532, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.548893, "energy": 43.256109, "activity_lines": [ 19.43412, 19.461753, 19.845476, 20.448495 ] }, { "date": "2025-08-01", "close": 19.659642, "volume": 200825, "typical_volume": 292536.05, "trend": 21.118999, "fair_value": 19.575977, "relative_strength": -18.16709, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.99801, "energy": 31.645767, "activity_lines": [ 19.506025, 19.488495, 19.77894, 20.344959 ] }, { "date": "2025-08-08", "close": 20.49732, "volume": 191689, "typical_volume": 276827.4, "trend": 21.019452, "fair_value": 19.614405, "relative_strength": -16.30281, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.691749, "energy": 17.832803, "activity_lines": [ 19.853888, 19.669324, 19.807124, 20.304851 ] }, { "date": "2025-08-15", "close": 20.348429, "volume": 177509, "typical_volume": 265259.3, "trend": 20.944359, "fair_value": 19.652464, "relative_strength": -17.576254, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -24.085981, "energy": 18.145574, "activity_lines": [ 20.079934, 19.808744, 19.831614, 20.261559 ] }, { "date": "2025-08-22", "close": 19.455084, "volume": 127863, "typical_volume": 258570.6, "trend": 20.852561, "fair_value": 19.683331, "relative_strength": -18.9335, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.373875, "energy": 19.833197, "activity_lines": [ 19.942668, 19.771431, 19.778249, 20.165477 ] }, { "date": "2025-08-29", "close": 19.653605, "volume": 79687, "typical_volume": 209706.5, "trend": 20.744501, "fair_value": 19.709312, "relative_strength": -19.26275, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -21.520389, "energy": 13.744243, "activity_lines": [ 19.852529, 19.770366, 19.754337, 20.088125 ] }, { "date": "2025-09-05", "close": 19.206932, "volume": 153217, "typical_volume": 206316.85, "trend": 20.623187, "fair_value": 19.734189, "relative_strength": -21.489981, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.435867, "energy": 28.377965, "activity_lines": [ 19.613901, 19.683741, 19.684878, 19.988927 ] }, { "date": "2025-09-12", "close": 19.703236, "volume": 163993, "typical_volume": 203110.5, "trend": 20.526587, "fair_value": 19.759608, "relative_strength": -22.061619, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.11592, "energy": 25.412868, "activity_lines": [ 19.570888, 19.694692, 19.670678, 19.929575 ] }, { "date": "2025-09-19", "close": 19.603973, "volume": 97024, "typical_volume": 203010.2, "trend": 20.42341, "fair_value": 19.784684, "relative_strength": -22.263586, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.503269, "energy": 23.963229, "activity_lines": [ 19.547727, 19.682347, 19.652654, 19.870052 ] }, { "date": "2025-09-26", "close": 20.64621, "volume": 645701, "typical_volume": 224628.55, "trend": 20.320655, "fair_value": 19.817907, "relative_strength": -17.524136, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -2.237016, "energy": 3.045558, "activity_lines": [ 19.921608, 19.855162, 19.74326, 19.884426 ] }, { "date": "2025-10-03", "close": 20.398058, "volume": 355647, "typical_volume": 226212.65, "trend": 20.211263, "fair_value": 19.849246, "relative_strength": -21.513733, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.366001, "energy": 11.113227, "activity_lines": [ 20.133364, 19.956008, 19.808103, 19.88942 ] }, { "date": "2025-10-10", "close": 20.348429, "volume": 250002, "typical_volume": 230704.65, "trend": 20.129633, "fair_value": 19.881147, "relative_strength": -22.640622, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 14.155945, "energy": 19.941256, "activity_lines": [ 20.278946, 20.034404, 19.868439, 19.898269 ] }, { "date": "2025-10-17", "close": 19.951387, "volume": 419578, "typical_volume": 236833.05, "trend": 20.038036, "fair_value": 19.909037, "relative_strength": -23.515181, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 21.999502, "energy": 20.445776, "activity_lines": [ 20.216081, 20.028088, 19.888148, 19.886769 ] }, { "date": "2025-10-24", "close": 20.100277, "volume": 90130, "typical_volume": 234136.8, "trend": 19.979184, "fair_value": 19.937881, "relative_strength": -22.968851, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 19.804391, "energy": 20.646749, "activity_lines": [ 20.186303, 20.058768, 19.920881, 19.890785 ] }, { "date": "2025-10-31", "close": 20.050648, "volume": 329795, "typical_volume": 243616.0, "trend": 19.925215, "fair_value": 19.96846, "relative_strength": -24.287195, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 17.594403, "energy": 10.447307, "activity_lines": [ 20.106895, 20.084937, 19.946323, 19.895396 ] }, { "date": "2025-11-07", "close": 19.603973, "volume": 518316, "typical_volume": 258070.35, "trend": 19.944604, "fair_value": 19.995295, "relative_strength": -23.683274, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -6.312447, "energy": 6.788031, "activity_lines": [ 19.918299, 20.019064, 19.926428, 19.87467 ] }, { "date": "2025-11-14", "close": 19.752865, "volume": 244101, "typical_volume": 265602.1, "trend": 19.906856, "fair_value": 20.023672, "relative_strength": -21.642747, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -5.167818, "energy": 7.254243, "activity_lines": [ 19.832273, 19.981164, 19.919811, 19.8623 ] }, { "date": "2025-11-21", "close": 19.554344, "volume": 212041, "typical_volume": 273693.05, "trend": 19.862491, "fair_value": 20.053415, "relative_strength": -18.912129, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -12.294414, "energy": 11.792444, "activity_lines": [ 19.719778, 19.897244, 19.89361, 19.839557 ] }, { "date": "2025-11-28", "close": 19.603973, "volume": 71848, "typical_volume": 269727.05, "trend": 19.7969, "fair_value": 20.081131, "relative_strength": -21.448774, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -11.926343, "energy": 13.100652, "activity_lines": [ 19.650295, 19.825054, 19.87147, 19.822879 ] }, { "date": "2025-12-05", "close": 19.603973, "volume": 464272, "typical_volume": 284980.55, "trend": 19.777068, "fair_value": 20.112365, "relative_strength": -21.643456, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -12.65639, "energy": 16.391414, "activity_lines": [ 19.613899, 19.752865, 19.848194, 19.810432 ] }, { "date": "2025-12-12", "close": 19.901754, "volume": 108574, "typical_volume": 245090.6, "trend": 19.758991, "fair_value": 20.146095, "relative_strength": -20.472405, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -8.026903, "energy": 8.317345, "activity_lines": [ 19.706542, 19.753767, 19.851209, 19.818476 ] }, { "date": "2025-12-19", "close": 19.752865, "volume": 68086, "typical_volume": 238453.65, "trend": 19.75883, "fair_value": 20.182976, "relative_strength": -19.069505, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -6.892208, "energy": 5.464439, "activity_lines": [ 19.729703, 19.736622, 19.838891, 19.818081 ] }, { "date": "2025-12-26", "close": 19.504713, "volume": 39093, "typical_volume": 230823.85, "trend": 19.752032, "fair_value": 20.218267, "relative_strength": -21.904097, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -12.324083, "energy": 7.607408, "activity_lines": [ 19.670147, 19.685187, 19.802495, 19.801686 ] }, { "date": "2026-01-02", "close": 21.241774, "volume": 232739, "typical_volume": 233585.35, "trend": 19.808038, "fair_value": 20.26264, "relative_strength": -16.684369, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 63.472602, "energy": 35.613368, "activity_lines": [ 20.19292, 19.957702, 19.93626, 19.897799 ] }, { "date": "2026-01-09", "close": 19.752865, "volume": 247288, "typical_volume": 239556.6, "trend": 19.817682, "fair_value": 20.293069, "relative_strength": -24.301461, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 35.955803, "energy": 21.970995, "activity_lines": [ 20.110203, 19.938753, 19.923971, 19.894239 ] }, { "date": "2026-01-16", "close": 19.554344, "volume": 129020, "typical_volume": 242023.25, "trend": 19.822343, "fair_value": 20.322519, "relative_strength": -27.149077, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 20.590678, "energy": 11.364153, "activity_lines": [ 19.951386, 19.889122, 19.891357, 19.877249 ] }, { "date": "2026-01-23", "close": 20.001017, "volume": 229902, "typical_volume": 245857.5, "trend": 19.835357, "fair_value": 20.356886, "relative_strength": -26.219846, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 38.637026, "energy": 19.064317, "activity_lines": [ 19.964621, 19.921608, 19.901756, 19.888777 ] }, { "date": "2026-01-30", "close": 19.901754, "volume": 184877, "typical_volume": 246901.7, "trend": 19.851598, "fair_value": 20.390029, "relative_strength": -26.230471, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 25.129811, "energy": 11.374232, "activity_lines": [ 19.928225, 19.931534, 19.89892, 19.89306 ] }, { "date": "2026-02-06", "close": 19.951387, "volume": 253577, "typical_volume": 254729.35, "trend": 19.871128, "fair_value": 20.421438, "relative_strength": -24.799482, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 27.903987, "energy": 11.980784, "activity_lines": [ 19.881904, 19.944167, 19.899865, 19.899498 ] }, { "date": "2026-02-13", "close": 19.703236, "volume": 158084, "typical_volume": 230348.5, "trend": 19.888924, "fair_value": 20.452722, "relative_strength": -29.126412, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -13.858591, "energy": 6.093661, "activity_lines": [ 19.838891, 19.905365, 19.875523, 19.888667 ] }, { "date": "2026-02-27", "close": 19.603973, "volume": 206058, "typical_volume": 222869.05, "trend": 19.887068, "fair_value": 20.483957, "relative_strength": -32.452259, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -34.577383, "energy": 17.312264, "activity_lines": [ 19.7661, 19.846711, 19.846217, 19.870283 ] }, { "date": "2026-03-06", "close": 19.455084, "volume": 404146, "typical_volume": 230576.25, "trend": 19.880249, "fair_value": 20.513944, "relative_strength": -28.589702, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -45.517398, "energy": 28.13871, "activity_lines": [ 19.64037, 19.766401, 19.806513, 19.842413 ] }, { "date": "2026-03-13", "close": 19.504713, "volume": 58115, "typical_volume": 212503.1, "trend": 19.847162, "fair_value": 20.543955, "relative_strength": -27.177541, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -46.314945, "energy": 29.904015, "activity_lines": [ 19.567579, 19.700528, 19.775789, 19.818185 ] }, { "date": "2026-03-20", "close": 19.107672, "volume": 92569, "typical_volume": 212625.05, "trend": 19.805804, "fair_value": 20.573768, "relative_strength": -28.158747, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -54.906084, "energy": 40.113473, "activity_lines": [ 19.38891, 19.562465, 19.709379, 19.770476 ] }, { "date": "2026-03-27", "close": 18.462477, "volume": 184001, "typical_volume": 205335.35, "trend": 19.772717, "fair_value": 20.600618, "relative_strength": -28.879187, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -67.707746, "energy": 54.462757, "activity_lines": [ 19.051424, 19.345897, 19.586249, 19.683809 ] }, { "date": "2026-04-03", "close": 18.115065, "volume": 389197, "typical_volume": 198879.4, "trend": 19.721432, "fair_value": 20.616443, "relative_strength": -28.257726, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.833526, "energy": 62.898916, "activity_lines": [ 18.680851, 19.089624, 19.437594, 19.576864 ] }, { "date": "2026-04-10", "close": 19.504713, "volume": 105100, "typical_volume": 191929.35, "trend": 19.731358, "fair_value": 20.634138, "relative_strength": -28.127805, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.941787, "energy": 51.449089, "activity_lines": [ 18.872754, 19.112183, 19.428377, 19.562882 ] }, { "date": "2026-04-17", "close": 19.802496, "volume": 194465, "typical_volume": 191050.55, "trend": 19.734667, "fair_value": 20.651102, "relative_strength": -29.00252, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.639765, "energy": 28.811469, "activity_lines": [ 19.16061, 19.197908, 19.448702, 19.567472 ] }, { "date": "2026-04-24", "close": 19.852125, "volume": 2675167, "typical_volume": 321216.5, "trend": 19.742939, "fair_value": 20.665451, "relative_strength": -31.73296, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -24.693249, "energy": 11.49687, "activity_lines": [ 19.445157, 19.294461, 19.472572, 19.57505 ] }, { "date": "2026-05-01", "close": 20.249168, "volume": 253137, "typical_volume": 310659.75, "trend": 19.729704, "fair_value": 20.694077, "relative_strength": -29.392434, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 6.968438, "energy": 15.044908, "activity_lines": [ 19.812421, 19.465009, 19.533074, 19.60771 ] }, { "date": "2026-05-08", "close": 20.348429, "volume": 434015, "typical_volume": 326931.8, "trend": 19.72805, "fair_value": 20.720992, "relative_strength": -32.64784, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 18.245863, "energy": 21.630952, "activity_lines": [ 20.09366, 19.643678, 19.599956, 19.647627 ] }, { "date": "2026-05-15", "close": 22.730684, "volume": 3677541, "typical_volume": 507404.55, "trend": 19.807458, "fair_value": 20.758779, "relative_strength": -23.131961, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 79.510847, "energy": 63.238442, "activity_lines": [ 21.020092, 20.241949, 19.891594, 19.841346 ] }, { "date": "2026-05-22", "close": 22.929205, "volume": 1088574, "typical_volume": 559878.6, "trend": 19.906719, "fair_value": 20.801945, "relative_strength": -23.666324, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.139921, "energy": 75.291563, "activity_lines": [ 21.797634, 20.816758, 20.187958, 20.042749 ] }, { "date": "2026-05-29", "close": 23.028467, "volume": 887564, "typical_volume": 592619.85, "trend": 20.004325, "fair_value": 20.849266, "relative_strength": -26.772309, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.321717, "energy": 75.592431, "activity_lines": [ 22.399816, 21.347352, 20.477468, 20.244152 ] }, { "date": "2026-06-05", "close": 23.375877, "volume": 611722, "typical_volume": 610841.55, "trend": 20.115166, "fair_value": 20.895588, "relative_strength": -25.399379, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.428593, "energy": 79.856142, "activity_lines": [ 22.906044, 21.869824, 20.791557, 20.461671 ] }, { "date": "2026-06-12", "close": 24.467745, "volume": 1571439, "typical_volume": 682962.5, "trend": 20.277292, "fair_value": 20.948323, "relative_strength": -19.543393, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.616405, "energy": 79.699656, "activity_lines": [ 23.567782, 22.501482, 21.192381, 20.742483 ] }, { "date": "2026-06-19", "close": 27.594454, "volume": 2674968, "typical_volume": 805215.8, "trend": 20.538678, "fair_value": 21.019048, "relative_strength": -13.04667, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 89.737141, "energy": 85.832139, "activity_lines": [ 24.997135, 23.58613, 21.867589, 21.214558 ] }, { "date": "2026-06-26", "close": 27.395933, "volume": 740509, "typical_volume": 832997.4, "trend": 20.800065, "fair_value": 21.087328, "relative_strength": -9.325844, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.174082, "energy": 85.095784, "activity_lines": [ 26.036062, 24.487597, 22.487732, 21.656961 ] }, { "date": "2026-07-03", "close": 27.743347, "volume": 1359380, "typical_volume": 888287.55, "trend": 21.071377, "fair_value": 21.157834, "relative_strength": -11.822647, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.161618, "energy": 81.453359, "activity_lines": [ 26.893013, 25.314167, 23.105275, 22.104915 ] }, { "date": "2026-07-10", "close": 26.204805, "volume": 485250, "typical_volume": 904645.85, "trend": 21.291405, "fair_value": 21.219064, "relative_strength": -13.392471, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.020737, "energy": 69.682633, "activity_lines": [ 26.922791, 25.717526, 23.539185, 22.436104 ] }, { "date": "2026-07-17", "close": 24.467745, "volume": 676204, "typical_volume": 928153.15, "trend": 21.443604, "fair_value": 21.270626, "relative_strength": -13.354453, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.11059, "energy": 48.987308, "activity_lines": [ 26.184954, 25.696772, 23.776702, 22.641029 ] }, { "date": "2026-07-24", "close": 25.708502, "volume": 972770, "typical_volume": 956584.35, "trend": 21.642126, "fair_value": 21.329262, "relative_strength": -10.410736, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.613446, "energy": 40.488657, "activity_lines": [ 25.860702, 25.826713, 24.109225, 22.916184 ] }, { "date": "2026-07-31", "close": 24.517376, "volume": 142043, "typical_volume": 960780.75, "trend": 21.809214, "fair_value": 21.380262, "relative_strength": -12.805329, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 40.497995, "energy": 25.078394, "activity_lines": [ 25.265139, 25.685943, 24.298529, 23.101684 ] }, { "date": "2026-08-07", "close": 26.5, "volume": 379973, "typical_volume": 975150.95, "trend": 21.984489, "fair_value": 21.442798, "relative_strength": -7.457218, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.716126, "energy": 25.348804, "activity_lines": [ 25.522354, 25.876775, 24.652785, 23.404315 ] }, { "date": "2026-08-14", "close": 25.200001, "volume": 113004, "typical_volume": 971601.1, "trend": 22.16606, "fair_value": 21.49876, "relative_strength": -14.269969, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.41398, "energy": 24.555249, "activity_lines": [ 25.429125, 25.768125, 24.84803, 23.611768 ] } ], "method": { "price_basis": "completed market observations", "trend": "Trend provides the primary directional reference.", "fair_value": "Fair Value provides long-term price context and is not a forecast or target.", "relative_strength": "Relative Strength shows leadership or lagging performance against the market benchmark.", "classification": "The SM framework combines Trend, Activity, Fair Value, Relative Strength and participation into a structural read." } } }